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Author Question: Individuals who wish to reorganize their debt generally file for Chapter 13, but if the debtor's ... (Read 31 times)

mrsjacobs44

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on: Aug 3, 2018
Individuals who wish to reorganize their debt generally file for Chapter 13, but if the debtor's debt limits exceed ________ in secured debt and ________ in unsecured debt, he or she must file for Chapter 11.
 
  A) 1,149,525; 383,175
  B) 1,895,456; 34,000
  C) 25,000; 50,000
  D) None of these

Question 2

Most Chapter 11 cases are filed by
 
  A) Businesses
  B) Individuals
  C) C-Corps
  D) Nonprofit Corporations


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Ashley I

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Reply #1 on: Aug 3, 2018
Answer to Question 1

A

Answer to Question 2

A


mrsjacobs44

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Reply 2 on: Aug 3, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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